Chicago Rivet & Machine Co. Announces Year-End Earnings
Chicago Rivet & Machine Co. (CVR) reported its audited results for 2020, showing a notable decline in performance compared to 2019. Net sales fell to $27,590,653 from $32,873,002, while net income dropped significantly from $538,314 to $50,450. Income before income taxes also decreased to $65,450 from $683,314. The net income per share fell to $0.05, down from $0.56 in the previous year. The average shares outstanding remained constant at 966,132.
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- Net sales decreased from $32,873,002 in 2019 to $27,590,653 in 2020.
- Net income fell from $538,314 in 2019 to $50,450 in 2020.
- Income before income taxes decreased from $683,314 in 2019 to $65,450 in 2020.
- Net income per share dropped from $0.56 in 2019 to $0.05 in 2020.
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NAPERVILLE, Ill., March 19, 2021 /PRNewswire/ -- Chicago Rivet & Machine Co. (NYSE American: CVR) today announced audited results for the year 2020 as summarized below:
CHICAGO RIVET & MACHINE CO. Summary of Consolidated Results of Operations For the Years Ended December 31 | ||
2020 | 2019 | |
Net sales | ||
Income before income taxes | 65,450 | 683,314 |
Net income | 50,450 | 538,314 |
Net income per common share | .05 | .56 |
Average common shares outstanding | 966,132 | 966,132 |
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SOURCE Chicago Rivet & Machine Co.
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